PUBLISHER: TechSci Research | PRODUCT CODE: 1378463
PUBLISHER: TechSci Research | PRODUCT CODE: 1378463
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Global Two Wheeler Regenerative Braking System Market has valued at USD 2.8 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.89% through 2028. A kinetic energy recovery technology called regenerative braking is used mostly on pure electric and hybrid vehicles to recover the energy lost during braking and deceleration and then use it to recharge the battery. In this system, when moving forward or cruising, the engine propels the wheels, and when slowing down, the wheels propel the motor. The engine can function as a generator by opposing the rotation of the wheels and generating power to refuel the vehicle's battery thanks to this two-way energy flow. Nearly 5%-10% of transmitted energy can be recovered by utilizing this type of braking system; the amount of energy recovered varies on the vehicle's speed and braking style. Currently, energy recovery systems are utilized in both passenger and commercial cars to increase fuel efficiency and lower vehicle emissions. As a result, the demand for such a braking system has increased in the worldwide car industry, leading to higher fuel efficiency. The demand from industry is currently driving up global sales of automobiles, particularly electric vehicles, and their components, which is leading to an increase in pollutant emissions. Additionally, the government is pressuring automakers to use cutting-edge technologies that can lower fuel consumption and exhaust gas emissions. This may encourage the expansion of the global market for regenerative braking systems.
Market Overview | |
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Forecast Period | 2024-2028 |
Market Size 2022 | USD 2.8 Billion |
Market Size 2028F | USD 4.38 Billion |
CAGR 2023-2028 | 7.89% |
Fastest Growing Segment | PHEV |
Largest Market | Asia-Pacific |
One of the primary drivers of the Global Two-Wheeler Regenerative Braking System market is the growing emphasis on energy efficiency and sustainability in the industry. As concerns about environmental impact and resource depletion escalate, consumers and governments are pushing for cleaner and more efficient transportation solutions. Regenerative braking systems offer an effective way to reduce fuel consumption in two-wheelers. By recovering and storing kinetic energy during braking and deceleration, these systems can later use that energy to assist in acceleration. This process not only improves fuel efficiency but also reduces greenhouse gas emissions. Governments worldwide are implementing stringent emissions regulations to combat air pollution and reduce carbon emissions. Two-wheelers are a significant contributor to urban air pollution, particularly in densely populated areas. Regenerative braking systems help manufacturers meet these regulations by curbing emissions, which is particularly important as emission standards become more stringent. Sustainability has become a key selling point for consumers. Two-wheelers equipped with regenerative braking systems align with sustainability goals, appealing to environmentally conscious riders. As a result, manufacturers are increasingly integrating these systems to cater to a growing market segment.
The electrification of two-wheelers, including electric motorcycles and scooters, is another major driver of the regenerative braking system market. Electric two-wheelers rely on battery power for propulsion, and regenerative braking plays a vital role in maximizing their efficiency and range. Regenerative braking helps extend the range of electric two-wheelers by recapturing energy during braking events. This stored energy can then be used to recharge the battery or assist in propulsion. As a result, regenerative braking is an essential component of battery management systems in electric two-wheelers. Electric two-wheeler manufacturers are continually striving to improve the range of their vehicles. Regenerative braking contributes to this goal by ensuring that energy is efficiently utilized and conserved during operation. Riders can travel longer distances on a single charge, making electric two-wheelers more practical and appealing.
Regenerative braking systems also contribute to improved safety and braking performance in two-wheelers. These systems work in conjunction with traditional braking systems (such as disc or drum brakes), providing enhanced stopping power and control. Regenerative braking systems can reduce stopping distances in emergency braking situations. By blending regenerative braking with mechanical braking, riders can achieve more rapid deceleration, potentially avoiding accidents and collisions. During prolonged or aggressive braking, mechanical brakes can experience brake fade, reducing their effectiveness. Regenerative braking can help mitigate brake fade by sharing the braking load, leading to more consistent and reliable braking performance. Regenerative braking systems can be integrated with advanced traction control systems. These systems can modulate the braking force on individual wheels, helping prevent wheel lockup and skidding during sudden braking or adverse road conditions.
Continuous technological advancements are a significant driver of the Global Two-Wheeler Regenerative Braking System market. These advancements are primarily focused on improving the efficiency, reliability, and affordability of regenerative braking systems. Manufacturers are developing compact and lightweight regenerative braking components, ensuring that they can be seamlessly integrated into two-wheeler designs without compromising aesthetics or handling. These advancements are particularly crucial for electric two-wheelers, where space and weight considerations are paramount. Ongoing research and development efforts are aimed at improving the efficiency of regenerative braking systems. This includes optimizing energy capture, storage, and release mechanisms to maximize the energy recovery process. Higher efficiency translates to greater fuel savings and longer electric vehicle ranges. As regenerative braking technology matures and production volumes increase, manufacturing costs are expected to decrease. This cost reduction will make regenerative braking systems more accessible to a broader range of two-wheelers, including budget-friendly models.
The expanding market for electric two-wheelers is a key driver of the Global Two-Wheeler Regenerative Braking System market. The adoption of electric motorcycles and scooters is rising due to several factors, including environmental concerns, urban congestion, and the availability of government incentives. Electric two-wheelers are becoming popular choices for urban commuting due to their compact size and low operating costs. In congested urban areas, these vehicles offer a practical and environmentally friendly mode of transportation. Many governments offer incentives, subsidies, and tax breaks to promote the adoption of electric two-wheelers. These incentives can significantly reduce the upfront cost of electric vehicles, making them more attractive to consumers. Growing environmental awareness and concerns about air quality are driving individuals to choose electric two-wheelers over traditional gasoline-powered counterparts. Regenerative braking systems further enhance the eco-friendly appeal of these vehicles.
One of the primary challenges in the Global Two-Wheeler Regenerative Braking System Market is the inherent technological complexity associated with developing and integrating regenerative braking systems into two-wheelers. Integrating regenerative braking technology into existing two-wheeler designs can be a daunting task. Two-wheelers, especially traditional internal combustion engine motorcycles, have limited available space for additional components. Manufacturers must find innovative ways to fit regenerative braking components like electric motors, energy storage units, and control systems without compromising the vehicle's aesthetics, weight distribution, or handling characteristics. Ensuring compatibility with various two-wheeler models adds another layer of complexity. The market includes a wide range of motorcycles and scooters with varying designs, powertrains, and braking systems. Developing regenerative braking systems that can be seamlessly integrated into this diverse landscape is a formidable challenge. The cost of developing and manufacturing regenerative braking systems can be substantial. Achieving affordability without compromising quality is a delicate balance, particularly for two-wheelers, which often cater to price-sensitive markets. This challenge becomes more pronounced in regions with a high demand for low-cost vehicles.
While the electric two-wheeler market is growing, it still faces obstacles related to market penetration. This directly impacts the adoption of regenerative braking systems, which are more commonly integrated into electric vehicles. The limited availability of charging infrastructure in many regions hinders the widespread adoption of electric two-wheelers. Potential buyers may be deterred by concerns about charging convenience, range anxiety, and the perceived inconvenience of charging compared to refueling with gasoline. Electric two-wheelers, equipped with regenerative braking systems and other advanced technologies, tend to have higher initial purchase prices than their gasoline counterparts. This cost difference can deter potential buyers, particularly in markets where affordability is a primary consideration. There is still a lack of widespread awareness and understanding of the benefits of electric two-wheelers and regenerative braking systems. Educating consumers about these technologies and their long-term cost savings potential is crucial for market growth.
The effectiveness of regenerative braking systems is closely tied to the state of infrastructure and battery technology. Several challenges in these areas can impact the market for such systems. The limited range of electric two-wheeler batteries is a challenge that affects the effectiveness of regenerative braking. Smaller batteries can store less energy, which limits the capacity for regenerative braking to capture and utilize energy effectively. As mentioned earlier, the availability and accessibility of charging infrastructure play a significant role in the adoption of electric two-wheelers. In regions with insufficient charging stations, electric vehicle users may be unable to take full advantage of regenerative braking systems. Over time, lithium-ion batteries, commonly used in electric two-wheelers, degrade, leading to reduced energy storage capacity. This degradation can affect the performance of regenerative braking systems, as they rely on the battery's ability to store and discharge energy efficiently.
The Global Two-Wheeler Regenerative Braking System Market is highly fragmented, with a multitude of manufacturers, regulations, and standards. These factors pose unique challenges for market growth. There is a lack of standardized regulations and industry standards governing regenerative braking systems in two-wheelers. This fragmentation can lead to varying levels of quality and performance among different products, making it difficult for consumers to assess the effectiveness of regenerative braking systems. Manufacturers must navigate a complex web of regional regulations and emissions standards. Compliance with these regulations adds complexity and cost to the development and production of regenerative braking systems, particularly for global manufacturers. The fragmented nature of the market results in intense competition among manufacturers. Smaller companies may struggle to gain market share and compete with larger, more established players, hindering innovation and market growth.
Consumer perception and acceptance of regenerative braking systems in two-wheelers can be a significant hurdle to overcome. As with electric vehicles, educating consumers about the benefits of regenerative braking systems is essential. Many potential buyers may not fully understand how these systems work or how they contribute to improved fuel efficiency and reduced emissions. Some consumers may be skeptical about the effectiveness and durability of regenerative braking systems. Overcoming this skepticism and demonstrating the reliability of these systems is crucial for widespread acceptance. Two-wheeler riders often have strong preferences for traditional braking systems, which they are more familiar with. Convincing riders to embrace regenerative braking as a viable and safe alternative can be challenging.
One of the most prominent trends in the Global Two-Wheeler Regenerative Braking System Market is the increasing electrification of two-wheelers, driven by the growing popularity of electric bicycles or e-bikes. E-bikes have gained significant traction as environmentally friendly and efficient urban mobility solutions. This trend has a direct impact on the adoption of regenerative braking systems. E-bikes are equipped with electric motors that assist riders in pedaling and provide propulsion. These electric motors can benefit from regenerative braking systems to recover energy during braking events. As riders apply the brakes, the system captures kinetic energy, converts it into electrical energy, and stores it for later use. This energy can then be used to extend the e-bike's range or assist in acceleration, ultimately enhancing the riding experience-bikes have emerged as practical and sustainable urban mobility solutions, particularly in congested urban areas where traffic congestion and pollution are growing concerns. The integration of regenerative braking systems aligns with the sustainability goals of e-bike manufacturers and appeals to environmentally conscious riders. For e-bikes, regenerative braking not only contributes to energy efficiency but also plays a vital role in battery management. By recovering energy during braking events, regenerative braking helps maintain the charge level of e-bike batteries, ensuring riders can enjoy extended range and longer rides without needing frequent recharges.
The Two-Wheeler Regenerative Braking System Market is witnessing continuous advancements in technology, particularly in the design and efficiency of regenerative braking systems. Manufacturers are developing smart regenerative braking systems that use sensors and advanced algorithms to optimize energy capture and release. These systems can assess various factors, including vehicle speed, terrain, and rider input, to determine the most efficient way to recover and utilize energy. Smart regenerative braking enhances system performance and energy efficiency. Innovations in materials and engineering are leading to the development of lightweight and compact regenerative braking components. These advancements ensure that regenerative braking systems can be seamlessly integrated into a wide range of two-wheeler designs without compromising handling or aesthetics. Some manufacturers are exploring advanced energy storage solutions, such as high-capacity ultracapacitors, to further improve the energy storage capabilities of regenerative braking systems. Ultracapacitors offer rapid energy storage and release, enhancing the efficiency of regenerative braking.
Government policies, incentives, and regulations are playing a pivotal role in shaping the adoption of regenerative braking systems in two-wheelers. Emission Reduction Initiatives: Many governments are actively promoting the adoption of electric vehicles and sustainable transportation solutions to reduce air pollution and combat climate change. Regenerative braking systems contribute to reduced emissions by improving the energy efficiency of electric and hybrid two-wheelers. Governments in various regions provide financial incentives, tax breaks, and subsidies to consumers and manufacturers to encourage the adoption of environmentally friendly technologies, including regenerative braking systems. These incentives can significantly reduce the upfront cost of adopting such systems. Emission regulations for two-wheelers are becoming more stringent. Manufacturers must comply with these standards, which often require the implementation of technologies like regenerative braking to reduce emissions and improve overall energy efficiency. Some government agencies and organizations have implemented green procurement policies that prioritize the purchase of vehicles and technologies that meet specific environmental criteria. Manufacturers that offer two-wheelers equipped with regenerative braking systems are better positioned to secure government contracts and partnerships.
The increasing urbanization of populations and the need for efficient urban mobility solutions are driving the growth of commuter two-wheelers and small electric vehicles. This trend is particularly relevant to regenerative braking systems. In congested urban areas, two-wheelers are often preferred for their maneuverability and ability to navigate through traffic. Commuters are increasingly turning to electric scooters and motorcycles as convenient and eco-friendly alternatives to traditional gasoline-powered vehicles. Regenerative braking systems are well-suited for urban commuting, where stop-and-go traffic is common. These systems capture and store energy during braking events, making them highly efficient for city travel. The energy recovered can then be used to assist in acceleration, reducing energy consumption and extending the vehicle's range. The rise of electric scooters and motorcycles in ride-sharing services has created a new market for two-wheelers equipped with regenerative braking systems. These vehicles offer efficient and sustainable options for short-distance travel in urban areas.
Consumer awareness and demand for sustainable transportation options are significant drivers of the Two-Wheeler Regenerative Braking System Market. An increasing number of consumers are prioritizing environmental considerations when choosing their mode of transportation. Electric two-wheelers equipped with regenerative braking systems are perceived as more eco-friendly alternatives, appealing to riders who want to reduce their carbon footprint. For electric two-wheelers, regenerative braking technology helps mitigate range anxiety-a common concern among potential buyers. Knowing that regenerative braking can extend the vehicle's range by efficiently managing energy consumption provides riders with confidence in electric mobility. Many riders are motivated by the desire to support sustainability goals and reduce air pollution. The adoption of regenerative braking systems aligns with these aspirations, contributing to more sustainable transportation choices.
rising trend for emissions-free pure electric vehicles Driven BEV Demand The market is segmented into PHEV, BEV, and HEV based on propulsion.The largest market share of the global market was held by the BEV segment. Fully electric vehicles are being favored by the government through subsidies, buying incentives, and the enforcement of strict pollution rules. For instance, in Germany, the United Kingdom, and France, BEVs receive much more purchase incentives than PHEVs.
For instance, BEV sales accounted for over 75% of new EV sales in the U.S., up 55% from 2016. Similar to that, BEVs sold more than 2.9 million units in 2021 in China, where they made up about 82% of current EV sales. After BEVs, PEVs are the second fastest-growing market sector. In 2021, PHEV batteries will typically have a 15 kWh capacity. Using Level 1 or Level 2 chargers comfortably results in noticeably shorter charging periods. The demand for solutions will therefore increase as SUVs become more prevalent.
Asia Pacific held the largest market share for regenerative braking systems in 2021 and is predicted to increase during the forecast period. Additionally, compared to other regions, it exhibits the quickest growth rate. Over the projected period, it is anticipated that this region's increasingly strict emission standards would increase demand for BEVs, PHEVs, and FCVs. In 2021, China was mostly responsible for the rise in battery demand in Asia Pacific. China sold more electric vehicles in 2021 than the rest of the world combined, at more than 3.3 million. The market's second most important region is North America. Regenerative braking in electric vehicles is becoming more and more popular in the area as a result of rising public demand for safe vehicle operation, reduced stress, and effective transportation. The market has grown remarkably in both Europe and the rest of the world. Europe is concentrating on strengthening its position in the market using tactics like early legalization of the usage of driverless vehicles. The government is in charge of putting autonomous vehicles into use by offering financing and programs.
In this report, the Global Two Wheeler Regenerative Braking System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: